The new CEO of Julius Baer needs a plan for the Swiss wealth manager’s next decade after a boom period. Insiders are bracing for a flurry of ideas and changes from the quick-thinking former consultant, finews.comlearned. Philipp Rickenbacher was 33 when he was briskly introduced on Julius Baer’s trading floor in 2004 as «Philipp who’ll be doing…
The bank played down the prospects of a US recession and believes the time to buy risk assets is nearly here. JP Morgan Chase has said we are nearly at the point to buy equities market after the sharp August sell-off. The advice conflicts with that of fellow investment banking giant UBS, which told clients on Friday…
Tina Radovic has been appointed as the Global Head of Credit Research for HSBC Global Asset Management. Radovic’s responsibilities will include leading HSBC Global Asset Management’s (HSBC GAM) Global Credit Research Platform, which is the foundation of HSBC GAM’s fixed income offering. The platform currently has assets across developed and emerging markets, with USD 179…
Michael Blake is CEO of the Asian private banking operations of Union Bancaire Privée (UBP) and is presiding over a phase of dramatic growth for the business in Asia, where assets under management have surged more than 50% since 2016. He met with Hubbis in July to cast his eye over the regional wealth management…
It is the private bank’s seventh acquisition in the past five years. The pan-European private banking group KBL European Private Bankers (KBL) has agreed acquire Zurich-based wealth manager Bank am Bellevue. The Swiss firm is a subsidiary of the Bellevue Group, a financial services company listed on the Six Swiss Exchange. Bank am Bellevue currently…
Pictet, the Swiss wealth manager, is overhauling its leadership in Asia as it pushes ahead with plans to expand across the region and in the Middle East. The 214-year-old Geneva-based group has appointed Tee Fong-Seng as chief executive of its Asian wealth management business and Alex Ng as chief executive of Hong Kong and of…
Mergers and acquisitions in the investment advisory industry jumped sharply in terms of deal value last month, mostly due to an $11.8 billion deal that dwarfed all others, according to a Fidelity Investments report. The July report indicated 2019 is on track to set new records in wealth management M&A activity, after a first half…
KEY POINTS About $68 trillion in U.S. wealth is expected to change hands from older generations to younger generations. Yet, 64% of wealthy individuals say they have not shared their plans for their assets with their heirs. These tips can help families start the conversation and make sure that money lasts for generations to come.…
Nicolas Moreau left DWS in October after failing to stem heavy outflows from the business The former boss of Deutsche Bank’s investing arm has been appointed chief executive of HSBC Global Asset Management. Nicolas Moreau will join the business, which looks after around $500bn in assets, in September. He will replace Sri Chandrasekharan, who is moving to…
The wealth-management industry is at an inflection point as innovations such as artificial intelligence, machine learning and big data, combined with the process of digitalization, have the potential to change the competitive landscape dramatically in the next 10 years. Thus, many financial advisors are likely to spend a significant amount of time thinking about the…
